Difference between NRI and NRE Accounts
Key Difference: The term “Non-resident Indian” is differs from “Non-Resident External” and “Non-Resident Ordinary”, where NRI is a legal status and NRE and NRO back accounts. NRI refers to the tax status of a citizen, while NRE and NRO are different types of back accounts that are available to the NRI. A person is deemed an NRI or a Non-resident Indian when an Indian citizen stays abroad for purposes such as employment, business and vacation.